TEXTON PROPERTY FUND LIMITED - Acceptance by Directors of shares awarded in terms of the Texton Conditional Share Plan

Acceptance by Directors of shares awarded in terms of the Texton Conditional Share Plan

TEXTON PROPERTY FUND 
Granted REIT status by the JSE
(Incorporated in the Republic of South Africa)
(Registration number: 2005/019302/06)
JSE share code: TEX ISIN: ZAE000190542
(“Texton” or the “Company”)


ACCEPTANCE BY DIRECTORS OF SHARES AWARDED IN TERMS OF THE TEXTON CONDITIONAL SHARE PLAN


Texton has made the following awards of Performance and Retention Shares in terms of the Texton
Property Fund Conditional Share Plan (“CSP), which comprises:”

   -    Performance Shares; and
   -    Retention Shares

 Name of director                   PM Hack
 Type of director                   Executive director
 Nature of transaction              Off-market acceptance of Performance and Retention Shares
                                    awarded in terms of the CSP
 Date of award                      30 June 2022
 Date of acceptance of award        30 June 2022
 Number of shares awarded
         Performance Shares         41 184
         Retention Shares           22 176
 Per share value of award           R3.15
 Vesting date                       30 June 2024 (note 1)
 Nate of interest                   Direct beneficial


 Name of director                   HSP Welleman
 Type of director                   Executive director
 Nature of transaction              Off-market acceptance of Performance and Retention Shares
                                    awarded in terms of the CSP
 Date of award                      30 June 2022
 Date of acceptance of award        30 June 2022
 Number of shares awarded
         Performance Shares         41 184
         Retention Shares           22 176
 Per share value of award           R3.15
 Vesting date                       30 June 2024 (note 1)
 Nate of interest                   Direct beneficial


Note 1 – This assumes the Performance Conditions have been deemed satisfied by the NRC. For
clarification and avoidance of doubt, the Performance Shares shall be awarded on the later of – (a) the
date that the NRC has determined the number of Performance Shares that will Vest in respect of the
Award ; or (b) if the aforementioned date falls during a Prohibited Period, or on a date on which the
acquisition or disposal of the Shares would be in contravention of any code adopted by the Company
relating to dealings in securities by Directors, or be prohibited by insider trading legislation or any other
legislation or regulations, then the Performance Shares shall vest on the first business day following
the expiry of such event.

Clearance for the above was obtained in terms of paragraph 3.66 of the JSE limited Listing
Requirements.

Sandton
30 June 2022

Sponsor
Investec Bank Limited

Date: 30-06-2022 05:40:00
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